Asia hiring among most optimistic globally
Only employers in Taiwan, India, Japan and Hong Kong make more optimistic hiring predictions than their American counterparts. Although most forecasts globally indicate payrolls will grow in the July-September time frame, the results suggest hiring will proceed at an uneven pace and overall hiring momentum will be marginally slower in comparison to the prior quarter and the same time last year. The forecast in Brazil is the weakest since the survey began in Q4 2009, and is also the country's first negative forecast.
Global Results Summary
Third-quarter forecasts are mostly positive with employers in 40 of 42 countries and territories expecting to add to their workforces by varying margins over the next three months.
The most optimistic Net Employment Outlooks are reported in Taiwan, India, Japan, Hong Kong and the United States, while the weakest hiring plans are reported in Italy, Brazil, Austria, Spain and Switzerland. The only negative forecasts are reported in Italy and Brazil.
Hiring prospects strengthen in 11 of 42 countries and territories when compared with Q2, but decline in 22. Outlooks improve in 15 countries and territories year-over-year but weaken in 23.
"Employers are seeing few signs of accelerating momentum in the global economy, but, while caution remains widespread, the good news is most are recognizing the need to tentatively add to their workforces to meet demand rather than being stuck in wait-and-see mode. This is contributing to a generally positive hiring outlook," said Jonas Prising, CEO of ManpowerGroup
Complete results for the Manpower Employment Outlook Survey are available online. Data specific to the U.S. can be found here, and results for all 42 countries surveyed are available here.